Small Business Resource, Global Swift Funding Announced 300% Revenue Growth of Merchant Services Division in 2008
New Staff Additions and Launch of Innovative Services Round Out Year of Exponential Growth
SAN DIEGO, CA – (Dec. 4, 2008) – Global Swift Funding (GSF), a leading provider of working capital and the premier one-stop resource for small to middle market business owners, announced today that its Merchant Services division, which provides dynamic credit card merchant processing through collaboration with the National Processing Company (NPC), has grown its revenues by over 300% during the past year.
The announcement is the latest in a series of successes that the three-year-old firm has achieved in 2008. Other high points include:
- The recent launch of GSF’s proprietary collection model, which eliminates the challenges of traditional collection processes experienced by many of GSF’s competitors by speeding up the process and allowing customers to better manage their businesses while repaying their Working Capital advances.
- The launch in October of Global Swift Consulting. The company has made available a complementary consulting package, which includes such services as re-negotiating leases, recommendations for cutting overhead costs, and access to GSF’s hundreds of vendor relationships, alongside its Working Capital and Merchant Services offerings.
- The formation of strong strategic and referral relationships with large players in the finance and service sectors.
- The hiring of Kathi McQuitty to the board of directors, bringing nearly 40 years of extensive finance experience to the firm.
- Dan Chaon being brought onboard as Senior Vice President of Business Development, bringing 18 years of valuable experience and insight into the restaurant and hospitality industry, which comprises the largest sector of GSF’s customer base.
"2008 has been a banner year for Global Swift Funding," said Glen Hinshaw, Chairman and Acting CFO of Global Swift Funding. "As we look forward to 2009, we anticipate still more growth as we continue to offer superior resources that provide a lifeline to small business customers that aren’t able to access traditional forms of credit."
About Global Swift Funding
Global Swift Funding is a vibrant company with an ever-expanding national presence. Setting standards in the industry by offering low rates, a friendly staff and the flexibility to set our customers apart from the crowd, Global Swift Funding's commitment to the customer is unparalleled. Offering alternative financing for small and middle market businesses through a Working Capital advance, coupled with dynamic merchant services through an association with National Processing Company (NPC), Global Swift Funding is a one-stop resource for the small to middle market business owner. More information can be found at www.gsfusa.com or call 877-473-8728.